This might also be a great oportunity to promote bitcoin. This are the facebook pages of the organicers in each country. If you speak the language you could go to the facebook page and spread the word about bitcoin. You wont find a better crowd elsewhere:

This might also be a great oportunity to promote bitcoin. This are the facebook pages of the organicers in each country. If you speak the language you could go to the facebook page and spread the word about bitcoin. You wont find a better crowd elsewhere:

We had 2 times, past 2 years that someone told people to get their money from the bank.It ended in that one bank got bankrupt (there where already financial problems, people getting their money from the bank helped it to get it bankrupt). The other bank (ABN AMRO) ended in the hands of the Dutch government, because if that one would go bankrupt the whole economy would be severely damaged and even more banks would crash. I think banks have to have at least 7% of their money in free available form. In the latter case only a small percentage was withdrawn (government even raised the insured amount of savings in case a bank would go bankrupt (to 100,000 euro if I'm correct)).

We had 2 times, past 2 years that someone told people to get their money from the bank.It ended in that one bank got bankrupt (there where already financial problems, people getting their money from the bank helped it to get it bankrupt). The other bank (ABN AMRO) ended in the hands of the Dutch government, because if that one would go bankrupt the whole economy would be severely damaged and even more banks would crash. I think banks have to have at least 7% of their money in free available form. In the latter case only a small percentage was withdrawn (government even raised the insured amount of savings in case a bank would go bankrupt (to 100,000 euro if I'm correct)).

Hahaha, 100,000 is but a finite number. We in great USA now have infinite FDIC insurance, literally. No matter how much you can lose, more can be printed.

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Hahaha, 100,000 is but a finite number. We in great USA now have infinite FDIC insurance, literally. No matter how much you can lose, more can be printed.

The finite number is good for 2 things:1) Our government says, don't bet it on saving accounts with high interest rates. People have to have some sort of responsibility. We had some big problems with people putting a lot of money on Iceave accounts (we all know how that ended). Plus the 100,000 euro insurance is per account (and the hope is then that people split the money and put on different banks). Plus it looks nice towards the tax payers (knowing that there is a limit of tax going into that).

Hahaha, 100,000 is but a finite number. We in great USA now have infinite FDIC insurance, literally. No matter how much you can lose, more can be printed.

The finite number is good for 2 things:1) Our government says, don't bet it on saving accounts with high interest rates. People have to have some sort of responsibility. We had some big problems with people putting a lot of money on Iceave accounts (we all know how that ended). Plus the 100,000 euro insurance is per account (and the hope is then that people split the money and put on different banks). Plus it looks nice towards the tax payers (knowing that there is a limit of tax going into that).

The real problem is that this guarantees are basically psicological and now thee real deal is that the taxpayers are on the hook for the banks. No bank is going to go down.

Actually depositors do have control over things. They have control over which bank they put their money into. And if they didn't have the feeling of security that a government guarantee gives them, depositors would carefully evaluate the solvency of a bank before they put there money there.

A lot of people like to blame Wall St. fat cats for the recent financial debacle and they certainly should bear part of the blame, but government deposit guarantees and mortgage guarantees had the effect of separating beneficiaries (depositors and lenders) from risk & responsibility. Whenever you do that, disaster is sure to follow.

First they were not savers, as in having money stored in a vault. They were investors in the bank fractional reserve lending program, although you could argue its still a type of savings. But nevertheless they were taking a risk. But the main point is that it was the duty of this people to give their money to a institution they trust and control. Because of the government guarnatees people trust their banks as if nothing bad could happen, and its a big mistake. Banks are companies and CAN fail, nowadays specially the small ones, since the big ones are TBTF.

Bottomline dont trust the banks (specially the ones operating under the government granted credit monopoly, which probably means all the banks that exists in your country).